Bank Nifty Rallies from Gann Angle,EOD Analysis

By | November 21, 2018 8:38 pm
  • As Discussed in Last Analysis Bank Nifty bulls were able to protect 26100 and also closed near gann angle support. Now Bulls need to protect 26100 for the rally to continue till 26352/26496/26640. Bearish below 26020 for a move back to 25920/25784. Low made today was 26060 near gann angle support and we saw the bounce back towards our target of 26352 High made was 26342, Now Bulls need to wait for target of 26496/26640/26784. Bearish below 26200 for a move back to 26064/25920. Important intraday time for reversal can be at  9:55/12:16.  How Emotions Hijack trading



  • Bank Nifty Nov Future Open Interest Volume is at 16.6  lakh with addition of 1.15 Lakh, with increase in Cost of Carry suggesting long positions were added As today. Bank nifty Rollover cost @25131 rollover closed above it rallied 800 points .
  • 26500 CE is having highest OI @4.2 Lakh resistance at 26300  followed 26500.  24000-27000 CE added 2.34 Lakh in OI so bears added in range 26300-26600 CE.
  • 25500 PE is having highest OI @6.4 Lakh, strong support at 26000 followed by 25800.24000-26000 PE added 4 Lakh OI so bulls will try to protect 25800-26000 range.



Buy above 26300 Tgt 26380,26450 and 26569 (Bank Nifty Spot Levels)

Sell below 26200 Tgt 26100,26040 and 25920 (Bank Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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